Jain Resource Recycling IPO: The initial public offering (IPO) of Jain Resource Recycling Ltd concluded the second day of bidding today, September 25, with the issue subscribed 1.24 times, as per provisional exchange data. The company aims to raise 1,250 crore through a fresh issue of Rs 500 crore and an Offer for Sale (OFS) of Rs 750 crore.

Jain Resource Recycling IPO subscription status:

The issue saw subscription of 3.89 crore shares against the total 3.12 crore shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 1.61 times, Non-Institutional Investors (NIIs) who bid 0.49 times, and Retail Individual Investors (RIIs) who bid 1.28 times.

In terms of shares, QIBs bid for 2.74 crore shares against the 1.70 crore shares reserved, NIIs bid for 42

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